216 Mile Rd Wells, ME 04090-4129
- Industrial properties
- 4,714 SF
- 0.92 lot acres
Current Use by Public Records
- Billy's Chowder House / Seafood Restaurant / Family Restaurant
Property Details for 216 Mile Rd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 4,714 SF
- Zone code
- BB
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- WLLS M:122 L:41
- APU
- WLLSM122L41
Description
This exceptional waterfront restaurant in Wells, Maine, presents a rare opportunity. The 4,714 square foot building, constructed in 1950 and extensively renovated in 2018/2023, sits on a one-acre lot with 62 parking spaces. It includes a full commercial kitchen, a large bar and seating area, two dining rooms seating approximately 200 patrons, and a small second-floor office. An additional 700 square foot outbuilding offers ample storage and cooler space. The property boasts a prime location on Mile Road, offering high visibility and stunning 360-degree water views. This established business includes all fixtures, furniture, and equipment (FF&E), significant goodwill, an extensive memorabilia collection, a loyalty program with 51,000 members, a Facebook page with 21,000 followers, and a website averaging 1,200 daily hits. The permitted zoning is RP. The property's APN is Map 122, Block 41, and is owned by Noetic Enterprises Inc. This is an owner/user investment opportunity, ideal for continuing the legacy of a successful Maine institution or establishing a new culinary venture in a highly desirable location. The property is located at 216 Mile Rd, Wells, ME 04090.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
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Location Insight
- Map
- Local Demand
- City
- Wells
- County
- York
- State
- Maine
- Longitude
- -70.5752
- Latitude
- 43.3042
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
